Amerisafe reported second-quarter 2026 results with net premiums earned rising 11.4% year-over-year to $77.3 million and net income of $14.6 million. Diluted earnings per share were $0.78 for the quarter and operating net income was $8.3 million. The company noted a net combined ratio of 95.4% and return on average equity of 23.5% for the quarter.
Financial Highlights
- Total revenues (quarter): $91,971 thousand (includes net premiums earned $77,273 thousand and investment and other income).
- Gross premiums written (quarter): $85,968 thousand, up 7.9% versus Q2 2025.
- Net income (quarter): $14,595 thousand; diluted earnings per share: $0.78.
- Operating net income (non-GAAP, quarter): $8,254 thousand; operating earnings per share: $0.44.
- Investment results (quarter): net investment income $6,528 thousand; net unrealized gains on equity securities $8,113 thousand (pre-tax).
Business Highlights
- Achieved ninth consecutive quarter of top-line growth driven by retention in the renewal book and higher premiums.
- Voluntary premiums on policies written in the quarter increased 5.7% year-over-year, supported by strong policy and premium retention.
- Payroll audits and related premium adjustments contributed $4.1 million to premiums written in the quarter (vs. $1.5 million in Q2 2025).
- Loss and loss adjustment expenses benefited from $7.3 million of favorable case reserve development on accident years 2023 and prior.
- Capital management actions: regular quarterly cash dividend of $0.41 per share declared and paid; repurchased 184,093 shares in the quarter for $5.6 million, with $7.3 million remaining authorization as of June 30, 2026.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.